It appears that student load debt will top 1 trillion dollars this year -- an enormous sum. As Lauren Asher, president of the Institute for College Access and Success, noted, Things like buying a home, starting a family, starting a business, saving for their own kids education may not be options for people who are paying off a lot of student debt.

The current system is unsustainable as tuition increases continue to rocket upward faster than the rate of inflation.

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